Substantially all assets of 23andMe Holding Co. (direct-to-consumer genetic testing business, about 13 million customers, genetic and other personal data, medical research programme), sold to TTAM Research Institute in Chapter 11 under section 363. The price is for the whole business, not the data alone.
$305 million per sale of substantially all assets of one company (whole-business bundle)
Dated 27 Jun 2025Source checked 19 Oct 2026Page out of reach at the last check, 21 Oct 2026Basis: docket
In the source's own words
“The Debtors conducted this final round on June 13, 2025 (Walper Decl. ¶ 18). Regeneron did not submit an additional bid (Id.). The Special Committee thus selected TTAM’s $305 million bid as the winning bid (Walper Decl. ¶ 19).”
Where it was read
Also read from the same source
- Substantially all assets of 23andMe Holding Co. (about 13 million customers' genetic and other personal data, laboratory, brand), Regeneron Pharmaceuticals' bid that won the three-day May 2025 auction (seven bidders, opening bid $52 million) and was later topped
- At the June 2025 sale hearing 23andMe had about 13 million customers, and more than 80% of them had chosen to take part in its medical-research programmes.
- Treat the first bid on a distressed data asset as a floor and insist on an open auction
- In re 23andMe Holding Co.: memorandum opinion approving the sale to TTAM Research Institute (June 27, 2025) (In re 23andMe Holding Co., et al., No. 25-40976-357 (Bankr. E.D. Mo.), Memorandum Opinion, ECF No. 908 (June 27, 2025))
- In re 23andMe Holding Co.: section 363(b)(1) does not let a debtor ignore state data-transfer laws (June 27, 2025) (In re 23andMe Holding Co., et al., No. 25-40976-357 (Bankr. E.D. Mo.), Memorandum Opinion, ECF No. 908 (June 27, 2025))
- In re 23andMe Holding Co.: which privacy policy counts under section 363(b)(1) (June 27, 2025) (In re 23andMe Holding Co., et al., No. 25-40976-357 (Bankr. E.D. Mo.), Memorandum Opinion, ECF No. 908 (June 27, 2025))
What it is about
- 23andMe
- TTAM Research Institute
- Company records
Figures it counts in
- $3.4M per contractCompany records, sales that happened, per contract